Your reference confuses me.
It looks legit, came up on google in more than a few links,, but when I get to this from your posted text
(4) Finally, I recommend that the Federal Reserve System be authorized to issue Federal Reserve notes in denominations of $1; this will make possible the
The 1 $ bill has been around longer than 1960’s
So this makes me wonder if the links and texts aren’t just fed res fictions and subterfuge.
In addition, the quickness of your post makes me wonder if you are a chatbot.
It’s that or you are a Genius who remembered an obscure proposal from the 60’s.
( was this proposal ever even acted upon ? If not , then it’s not indicative that what Kennedy did was the exact opposite of what I wrote )
“In addition, the quickness of your post makes me wonder if you are a chatbot.”
Monetary history is kind of a hobby of mine. Finding that Kennedy speech isn’t all that hard when you’ve read it before and just have to figure out which of his speeches has got the silver passage in it. That takes a bit of skimming.
Actually there’s two speeches given a year apart in which he says the same thing, both are messages to Congress IIRC. It’s ironic that he’s the guy who didn’t like silver as part of our money supply and yet a popular myth has arisen saying just the opposite.
“(4) Finally, I recommend that the Federal Reserve System be authorized to issue Federal Reserve notes in denominations of $1; this will make possible the”
When Kennedy gave the speech US paper currency was divided into three different categories: Silver Certificates that you could turn in for Treasury silver; US Notes, which were actually the fiat Greenback issue that Lincoln first ordered during the Civil War (they were $5 bills in the 1963 series); and there were Federal Reserve Notes.
So what he was doing in that #4 quote is requesting that Federal Reserve Notes be issued one for one to replace the Silver Certificates that would be retired. It seems like a pointless request now but at the time it made sense.
“( was this proposal ever even acted upon ? If not , then it’s not indicative that what Kennedy did was the exact opposite of what I wrote )”
Yes, Congress approved Kennedy’s request and that’s why silver certificates were retired from circulation and it’s why silver was removed from our coinage. It didn’t go into effect until after his assassination but he was the driving force behind doing it. If Kennedy hadn’t pushed this maybe we would still have silver coins and silver certificates and a whole lot less inflation.